An Essential Earnings Season Recap

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by: Hedgeye

Summary

So far, 473 of S&P 500 companies have reported year-over-year third quarter sales and earnings growth of 5.4% and 7.1%.

At the close of earnings season, this could mark the fifth consecutive quarter of year-over-year earnings growth.

Tech earnings are up 25% YoY.

So far, 473 of S&P 500 companies have reported year-over-year third quarter sales and earnings growth of 5.4% and 7.1% respectively. Corporate America has had quite a run. At the close of earnings season, this could mark the fifth consecutive quarter of year-over-year earnings growth. In the video above, Macro analyst Ben Ryan provides earnings context behind why (our favorite S&P 500 sector) Tech stocks (XLK) are up 32% year-to-date. (Tech earnings are up 25% YoY). Ryan also previews where we think earnings are headed next.

Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.